Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2196.67, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2263.34, ₹2350.87, and ₹2417.54, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2109.14, ₹2042.47, and ₹1954.94, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.